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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jul. 02, 2016
Accounting Policies [Abstract] |
Supplemental Cash Flow Information | Supplemental Cash Flow Information
|  | Six Months Ended
(In thousands) |  | July 2, 2016 |  | July 4, 2015
Non-Cash Investing Activities: |  |  |  |
Fair value of assets acquired |  | $ | 86,555 |  |  | $ | — |
Cash paid for acquired business |  | (58,894 | ) |  | — |
Liabilities assumed of acquired business |  | $ | 27,661 |  |  | $ | — |
Non-Cash Financing Activities: |  |  |  |  |  |
Issuance of Company common stock |  | $ | 3,057 |  |  | $ | 2,967 |
Dividends declared but unpaid |  | $ | 2,070 |  |  | $ | 1,852 |
Inventories | The components of inventories are as follows:
|  | July 2, 2016 |  | January 2, 2016
(In thousands) |  |
Raw Materials and Supplies |  | $ | 23,911 |  |  | $ | 22,324 |
Work in Process |  | 16,570 |  |  | 13,819 |
Finished Goods |  | 22,983 |  |  | 20,615 |
Total Inventories |  | $ | 63,464 |  |  | $ | 56,758 |
Intangible Assets, Net | Acquired intangible assets are as follows:
|  | July 2, 2016 |  | January 2, 2016
(In thousands) |  |
Indefinite-Lived Intangible Asset |  | $ | 8,100 |  |  | $ | 8,100 |
Definite-Lived Intangible Assets, Gross |  | $ | 77,052 |  |  | $ | 77,052 |
Acquisition |  | 24,623 |  |  | — |
Accumulated amortization |  | (45,373 | ) |  | (40,908 | )
Currency translation |  | (5,818 | ) |  | (6,212 | )
Definite-Lived Intangible Assets, Net |  | $ | 50,484 |  |  | $ | 29,932 |
Total Intangible Assets, Net |  | $ | 58,584 |  |  | $ | 38,032 |
Changes in the Carrying Amount of Goodwill | The changes in the carrying amount of goodwill by segment are as follows:
(In thousands) |  | Papermaking Systems Segment |  | Wood Processing Systems Segment |  | Total
Balance at January 2, 2016 |  |  |  |  |  |
Gross balance |  | $ | 187,720 |  |  | $ | 16,840 |  |  | $ | 204,560 |
Accumulated impairment losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net balance |  | 102,211 |  |  | 16,840 |  |  | 119,051 |
Acquisition |  | 38,344 |  |  | — |  |  | 38,344 |
Currency Translation |  | (1,109 | ) |  | 1,187 |  |  | 78 |
Total 2016 Adjustments |  | 37,235 |  |  | 1,187 |  |  | 38,422 |
Balance at July 2, 2016 |  |  |  |  |  |  |  |  |
Gross balance |  | 224,955 |  |  | 18,027 |  |  | 242,982 |
Accumulated impairment losses |  | (85,509 | ) |  | — |  |  | (85,509 | )
Net balance |  | $ | 139,446 |  |  | $ | 18,027 |  |  | $ | 157,473 |
Warranty Obligations | The changes in the carrying amount of accrued warranty costs included in other current liabilities in the accompanying condensed consolidated balance sheet are as follows:
|  | Six Months Ended
(In thousands) |  | July 2, 2016 |  | July 4, 2015
Balance at Beginning of Period |  | $ | 3,670 |  |  | $ | 3,875 |
Provision charged to income |  | 1,524 |  |  | 917 |
Usage |  | (1,623 | ) |  | (1,252 | )
Acquisition |  | 991 |  |  | — |
Currency translation |  | (20 | ) |  | (153 | )
Balance at End of Period |  | $ | 4,542 |  |  | $ | 3,387 |

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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
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